Accountants and Advisers for Doctors and Dentists

McMasters’ act as accountants and advisers for doctors, dentists and other medical professionals. We have a huge reservoir of technical expertise and practical experience dealing with these and similar high net wealth clients. Our medical clients range from large corporate groups to the smallest part time practices. Each doctor, dentist or medical client receives exactly the same care and attention.

Contact us today to set up a complimentary initial meeting with a Director – just click the “new client enquiry” button below to get started.

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ACCOUNTING and TAXATION
LEGAL SERVICES
OTHER SERVICES

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POTENTIAL CLIENT FACT FIND
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Complimentary Financial Planning for Doctors e-Book

Complimentary Financial Planning for Doctors e-Book

Please enjoy this online edition of Financial Planning for Doctors. This is a limited edition version of our new e-book for doctors. Being digital, it is especially robust against the multiple food smears and coffee spills that ensue when doctors read material during a rushed lunch or tea break.

Simply wipe your screen and it can be read over and over again, to your lasting benefit. And, if you are reading this at the clinic, we will bet it’s more interesting than yesterday’s Herald Sun’s sport section. And much more useful.

Financial Planning for Doctors is constantly added to and up-dated. It is the most extensive and intensive financial planning resource available to doctors. It stands on its own as a technical resource: you can use it as a financial planning DIY kit without recourse to expensive advisers.

Other Complimentary Guides
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McMasters App

Get access to motor vehicle log books, tax calculators, important tax dates and so much more at your finger tips. Download our apps today.

 

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Useful Resources

McMasters' Medical Manuals

We have developed an extensive collection of guide series for medical clients. They comprise a unique collection of relevant and practical medical accounting materials for any one in general professional practice.

BROWSE GUIDE COLLECTION

Dollar Notes Client Newsletter

Our newsletter is published on a monthly basis and designed to keep you up to date with news and important information relevant to medical accounting, business, investments, superannuation and taxation.

BROWSE OUR NEWLETTER

McMasters' Diary Notes

Our medical accountants’ diary notes cover topics relevant to the medical professions such as taxation, business issues, superannuation, service entities, financial planning, inter-generation planning, investments and more.

VIEW DIARY NOTES

McMasters’ Qualities

Multi-disciplinary

McMasters’ has more than 90 well trained and qualified staff including accountants, solicitors, training consultants, management consultants, financial planners, credit adviser, real estate agents and property consultants. We bring a wide range of skills to our client’s financial affairs and work hard to make sure each client grows their practice and investments as fast, as efficiently and as safely as possible. Our pool of resource allows us to provide quick and effective solutions to client’s needs.

Client Focus

McMasters’ continuously and proactively seek for ways to improve our clients’ wealth, financial health and retirement planning. Our technology-driven team members efficiently prepare and complete clients’ compliance work with a core focus on enhancing client’s financial profile. This covers your practice’s legal structure, business strategy, taxation planning, superannuation planning, estate planning, investments, insurances and other relevant matters.

Commission Free

We do not accept commissions from any source under any circumstances. This maximises our clients’ trust and confidence that our advice is in their interests and there are no hidden relationships influencing our advice and recommendations. Our clients come first at all times. This policy is critical to our client advisor relationships and we will not prejudice it under any circumstances.

Our Team Leaders

Aaron
Director – QLD
Berivan
Director
Sean
Director
MEET THE REST OF OUR TEAM

What Our Clients Are Saying About Us

  • “I have worked with McMasters’ Accountants for 2 years and continue to do so. McMasters’ provides expert tax, accounting and financial planning services for doctors and have provided valuable tax advice in relation to my medical practice and have assisted with changing its structure. They work with Xero accounting, which has vastly simplified the work required to generate Business Activity Statements. They also operate a commission rebate scheme which has yielded significant savings on life and disability insurance, and which provides peace of mind for investment advice. Given these factors, I would recommend the organisation to most doctors.

    Dr Niall Tebbutt Oncologist

  • “I have been with McMasters’ for the last 8 years and have been really impressed by their professionalism and integrity. They specialise in dealing with medical professionals. The financial, tax and business guidance throughout the years has been invaluable not only from the business standpoint but also on personal level. I would highly recommend their services.”

    Dr Arshad Ghani GP Doctor

  • “We have been with McMasters since 2005 and wish we had engaged their services a decade earlier. They have provided us with invaluable guidance with some aspects of our practice management, financial, taxation and legal issues. We appreciate that the company has evolved its services into a multi-disciplinary approach that can also assist succession planning for our children and future generations.”

    Lena Chan GP

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Recent Diary Notes

Men's hands with calculator. Calculation at office

Payroll Tax Alert – Engaging Practitioners In Your Practice

Are you a medical, dental or allied health practice engaging other practitioners on a service arrangement? If so, it is important you document the method of engagement properly and consider the manner of which you conduct day to day operations of the clinic and its interaction with the practitioner. State Revenue Office alert State Revenue […]

Discount

Imminent changes for doctors with multiple employers

Background  For many doctors working in the hospital system for more than one employer and the issue of exceeding the concessional contribution limit ($25,000 for the 2019 financial year) has been frustrating and often costly. However, it now appears that a solution might be close to hand.  The Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 currently before Parliament proposes to amend the law to […]

Buying or selling a practice

Single Touch Payroll and what it means for you

What is it? Single Touch Payroll (STP), is the new streamlined way for the ATO to receive payroll and superannuation data from employers. It represents a significant change and businesses will need to ensure they are ready to meet the new obligations. A two part roll out STP became compulsory for ‘substantial employers’, businesses with […]

Businesswoman Calculating Invoice With House Models

Buying or selling a practice: How do you calculate the value?

We are often asked to value practices, whether it be acting for the vendor or the potential purchaser. A practice is often the best investment a doctor makes, providing the potential to generate higher income than what would otherwise be generated as a non-owner. What is goodwill? Goodwill represents an intangible asset of a business […]

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